Advertisement
Published in:
2018 | OriginalPaper | Chapter
Scale
Published in: Methods of Economic Research
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
This chapter introduces the concept of scale as it is used in other disciplines, as an indicator of magnitude. It shows how economists can utilize this concept to add clarity, simplicity, and insight to their research. Applications to the incidental parameters problem, the Slutsky Equation, Mincer’s wage equation, mortality dynamics, and more elucidate the power of scale analysis, both theoretically and empirically.